Question 71 Which of the following is a problem with the matrix structure? All of the above O Loss of economies of scale without proper coordination O Potential for conflict between the product manager and the functional manager Poor coordination between departments results in slow response to organizational problems. OPermanent nature of the matrix requires total restructuring with each new project. Question 67 What are the two basic dimensions of the division f labour? A differentiated dimension and a horizontal dimension A vertical dimension and a departmental dimension A differentiated dimension and an integrated dimension OA vertical dimension and a horizontal dimension Question 66 The two leaders in your department are very different. John believes that he should guide and motivate by clarification of the roles and tasks of his subordinates. Alan feels that his role should be to provide individualized consideration and intellectual stimulation. Most of the workers believe that both leaders are well trained, but Alan has a special "spark" that employees feel when they work with him. John is which type of leader? transactional O transformational O charismatic O laissez-faire Question 65 What strategies were found to be most effective in a study in which new hires who negotiated received a salary premium? OCompromising and collaborating OCompromising and accommodating O Compromising and competing O Collaborating and competing O Accommodating and competing
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
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